- Marcus Jacob
- 19 Apr, 2012
- New York City
Australian stocks advanced to an eight month high and a private report indicated property tax collection reached a record high of $33 billion last year. News Corp invites another unflattering attention to the company after it discovered it violated U.S. foreign ownership rules.
- Arthi Gupta
- 19 Apr, 2012
- New York City
U.S. indexes fluctuated after jobless claims dropped 2,000 to 386,000. Investors focused on the Spanish and French debt sale. Bank of America net plunged 68%.
- Arthi Gupta
- 19 Apr, 2012
- New York City
The European indexes climbed after Spain and French sold debt at higher yields. Audi agreed to acquire Italian sports motorcycle manufacturer Ducati. Actelion, Akzo Nobel, and TeliaSonera quarterly net dropped.
- Bikram Pandey
- 18 Apr, 2012
- New York City
U.S. stocks traded lower after IBM missed sales expectations and Intel reported weaker than anticipated gross margins. Tech stocks led the market decline. Warren Buffett, chief executive of Berkshire Hathaway said his condition is not remotely life threatening.
- Mukesh Buch
- 18 Apr, 2012
- New York City
Abbott first quarter net surged 44% to $1.24 billion and raises fiscal 2012 guidance. BlackRock first quarter net rose 1% to $572 million. Dover profit rose and lifted revenue outlook. IBM first quarter net increased 7% to $3.1 billion. Intel net slumped 13% to $2.74 billion. Yahoo net surged 28%.
- Arthi Gupta
- 18 Apr, 2012
- New York City
The UK indexes dipped after the Bank of England minutes showed that the asset purchase program was retained by a split vote. The UK jobless rate declined in the three months to February. Tesco announced a
- Arthi Gupta
- 18 Apr, 2012
- New York City
U.S. indexes traded lower and a flood of earnings and merger deals dominated market focus. SXC agreed to buy Catalyst Health for $4.4 billion and WOW! agreed to acquire Knology in $1.5 billion deal. Westfield plans to divest interests in eight shopping malls in the U.S. for more than $1.1 billion.
- Nigel Thomas
- 18 Apr, 2012
- New York City
Stocks in Japan surged the most in three weeks after central bank official showed bank
- Marcus Jacob
- 18 Apr, 2012
- New York City
Australian stocks rebounded and BHP Billiton first quarter production declined 8% from the December quarter and fell 14% from a year ago on weather related disruptions.
- Arthi Gupta
- 18 Apr, 2012
- New York City
The European indexes traded lower and the Euro area swung to deficit in February. Argentina rejected a $10.5 billion compensation claim from Repsol. Canada-based Alimentation agreed to acquire Statoil Fuel & Retail for $2.8 billion.
- Arthi Gupta
- 18 Apr, 2012
- New York City
Euro area current account swung to deficit and production fell in February. Swedish central bank held rate and Swiss economic sentiment improved in April.
- Mukesh Buch
- 17 Apr, 2012
- New York City
IBM agreed to sell its point-of-sale business to Toshiba Tec for $850 Mn. J&J first quarter net soared 12.5% to $3.9 billion and raise fiscal earnings per share outlook. Goldman Sachs first quarter net surged 128% to $2.1 billion. W.W. Grainger, Inc. first quarter net soared 19% and raises outlook.
- Nigel Thomas
- 17 Apr, 2012
- New York City
Stocks in Japan fell on international worries for the second day in a row. Toshiba Tec agreed to acquire point-of-sale business from IBM for $850 million. Olympus Corp fell after two executives are said to retain jobs after stepping down the company board.
- Marcus Jacob
- 17 Apr, 2012
- New York City
Australian indexes traded lower after Rio Tinto reported sharply lower production at its copper and iron ore mines. Market sentiment was also weaker after China reported a decline in foreign direct investment.
- Arthi Gupta
- 17 Apr, 2012
- New York City
U.S. indexes gained after the IMF lifted global growth outlook for this year and housing starts fell in March. IBM agreed to sell Retail Store Solutions business to Toshiba for about $850 million. Fanatics agreed to acquire Dreams for $183 million.